Weekly credit volume of 199,892 was 147,504 credits below last week’s volume and 44 percent below the 2020 weekly average of 356,694. Volume fell 42 percent for the week and was 8.5 percent under last year’s volume for the same period. The average price paid per credit increased $2.20 to $194.79. There were 31 transactions, 58 percent were type 1 transfers of 114,972 credits and 14 were type 2 transfers of 84,920 credits. Type 1 transactions are executed within 10 days of a transfer agreement. Type 2 transactions are executed beyond 10 days of a transfer agreement. Type 1 transactions may give a better indication of current market conditions since Type 2 transactions do not provide a date the agreement was entered into. The weighted average price for type 1 trades was $195.25, which was $0.46 above the average for all trades. Third quarter volume is 20 percent below second quarter volume but 52 percent…
02.25.2025
Prices for US animal fats and oils hold steady amid pressure from outside markets
The US animal fats and oils markets held steady on Tuesday February 25, with limited new trades reported throughout the day.
Following an active trading week last week,...
02.25.2025
US weekly soybean, wheat export inspections increase; corn drops
Export inspections of US grains showed a decline for corn, but an increase for soybean and wheat in the week to Thursday February 20, according to USDA data released...
02.25.2025
US hide export shipments fall below weekly, yearly levels
US hide trading was relatively slow, with a reported trade on heavy native steers (HNS) at steady levels and a slight dip for butt branded steers (BBS). Market participants...